Q4 EPS Estimates for EOG Resources Lowered by Analyst

EOG Resources, Inc. (NYSE:EOG) – Analysts at Capital One Financial dropped their Q4 2024 earnings per share (EPS) estimates for shares of EOG Resources in a research note issued to investors on Tuesday, November 12th. Capital One Financial analyst P. Johnston now expects that the energy exploration company will post earnings per share of $2.50 for the quarter, down from their prior forecast of $2.64. The consensus estimate for EOG Resources’ current full-year earnings is $11.48 per share. Capital One Financial also issued estimates for EOG Resources’ Q1 2025 earnings at $2.39 EPS, Q2 2025 earnings at $2.51 EPS, Q3 2025 earnings at $2.63 EPS, Q4 2025 earnings at $2.68 EPS, FY2025 earnings at $10.21 EPS and FY2026 earnings at $11.73 EPS.

Other equities research analysts also recently issued reports about the stock. Evercore ISI cut their target price on shares of EOG Resources from $150.00 to $145.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. StockNews.com upgraded EOG Resources from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. UBS Group lowered their target price on shares of EOG Resources from $167.00 to $154.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. JPMorgan Chase & Co. decreased their target price on EOG Resources from $143.00 to $135.00 and set a “neutral” rating for the company in a research report on Thursday, September 12th. Finally, Wells Fargo & Company lowered their price objective on shares of EOG Resources from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Thirteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $142.20.

EOG Resources Price Performance

Shares of EOG opened at $133.10 on Wednesday. The company’s 50-day simple moving average is $125.28 and its 200-day simple moving average is $125.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 2.31. EOG Resources has a 1 year low of $108.94 and a 1 year high of $139.67. The stock has a market capitalization of $74.86 billion, a PE ratio of 10.72, a P/E/G ratio of 3.53 and a beta of 1.28.

Institutional Investors Weigh In On EOG Resources

A number of institutional investors have recently added to or reduced their stakes in EOG. Quantbot Technologies LP acquired a new stake in EOG Resources during the 1st quarter worth approximately $699,000. Headlands Technologies LLC increased its position in shares of EOG Resources by 231.4% in the first quarter. Headlands Technologies LLC now owns 1,339 shares of the energy exploration company’s stock worth $171,000 after acquiring an additional 935 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of EOG Resources by 23.3% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 25,102 shares of the energy exploration company’s stock valued at $3,209,000 after acquiring an additional 4,749 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of EOG Resources by 10.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 701,343 shares of the energy exploration company’s stock valued at $89,660,000 after acquiring an additional 66,359 shares in the last quarter. Finally, Foundry Partners LLC purchased a new stake in EOG Resources during the 1st quarter worth $324,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

Insiders Place Their Bets

In other EOG Resources news, EVP Michael P. Donaldson sold 11,037 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $129.50, for a total value of $1,429,291.50. Following the transaction, the executive vice president now directly owns 74,250 shares in the company, valued at approximately $9,615,375. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other EOG Resources news, Director Charles R. Crisp sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $125.60, for a total transaction of $816,400.00. Following the transaction, the director now owns 60,892 shares of the company’s stock, valued at $7,648,035.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael P. Donaldson sold 11,037 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $129.50, for a total transaction of $1,429,291.50. Following the sale, the executive vice president now directly owns 74,250 shares of the company’s stock, valued at $9,615,375. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

EOG Resources declared that its board has approved a stock repurchase plan on Thursday, November 7th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the energy exploration company to repurchase up to 7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

EOG Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.93%. This is a boost from EOG Resources’s previous quarterly dividend of $0.91. The ex-dividend date is Friday, January 17th. EOG Resources’s dividend payout ratio (DPR) is 29.31%.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.